Business
Results for the financial year ended 31 May 2022
Results for the financial year ended 31 May 2022.
About this update from Ig Group Holdings Plc
[{"type":"text","content":"\n \n \n \n \n \n LEI No: 2138003A5Q1M7ANOUD76\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE \n \n \n \n \n 21 JULY 2022\n \n \n \n \n Results for the financial year ended 31 May 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \"Another year of excellent strategic progress with record revenue and profit. Resumption of progressive dividends and launch of a share buyback programme of up to £150 million.\"\n \n \n \n \n \n \n \n Financial highlights\n \n \n \n - Another record performance in FY22, from continuing operations[1]:\n \n \n - Net trading revenue up 16% to £972.3 million (FY21: £837.3 million). Excluding the one-time hedging gain associated with the financing of the tastytrade acquisition, adjusted net trading revenue was £966.5 million, up 14%. Adjusted total revenue, which includes interest on client money, was also up 14% to £967.3 million (FY21: £845.5 million). Total revenue was up 16% to £973.1 million (FY21: £837.6 million)\n \n \n - Total active clients increased 31% to 381,500 (FY21: 291,200). Active clients reduced by 2% on a pro forma basis[2], however remain significantly above pre-pandemic levels. First trades reduced as anticipated, but also remain well above pre-pandemic levels\n \n \n - Our high-quality client base continues to provide an enduring revenue stream, with client retention rates in line with historical averages\n \n \n - Profit before taxation was up 7% to £477.0 million (FY21: £446.0 million), while adjusted profit before taxation was up 4% to £494.3 million. Strong revenue performance combined with good cost control delivered an adjusted profit before tax margin of 51% (FY21: 56%)\n \n \n - Maintained strong capital and liquidity positions that continued to support client growth, with regulatory capital resources of £1,025.6 million (31 May 2021: £860.7 million)\n \n \n - Basic EPS was 92.9 pence (FY21: 99.8 pence). Adjusted basic EPS was 96.3 pence (FY21: 107.3 pence), reflecting share issuance for the tastytrade acquisition\n \n \n - Fina...